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AAFM ® American Academy of Financial Management ®

AAFM ® CPM Chartered Portfolio Manager Designation Curriculum

CPM ™ Chartered Portfolio Manager Program

CPM Chartered Portfolio Manager – Certification

Overview of The Course?

The program concentrates on the practical application of financial and capital markets theory, investment and portfolio management and principles at the operational level within the financial services organization, thus providing momentum for continuing professional and personal development.

• Appreciate the complexities of investing in emerging markets and develop strategies for managing risk and maximizing returns

Course Pre-Requisites

College Education or executive with comprehension of the terminology used and learning assumes a working knowledge of finance at the graduate level as a minimum. Individuals working within the financial services sector will be familiar with the base terms and theories used in coursework. Those without financial services experience will be required to do both pre-reading and additional study during the course to ensure a successful passing grade.

CPM - Progression And Exemptions

The American Academy of Financial Management and the Royal Society have formally agreed progression and exemption opportunities for candidates who have successfully completed the certifications and qualifications with a number of leading programs.

Course Agenda

CPM Module One

The Fundamentals Of Portfolio Management

An overview of investment strategy, capital markets and modern portfolio theory.

Essential Finance Principals

• An introduction to financial assets and capital markets

• Review of the objectives of corporate financial decision making

• The basics of asset valuation

• PV and FV, Rates of Return, Time value of Money

• Reading financial reports (balance sheets, fund reports, etc)

Portfolio Elements

• The role of the advisory (asset management, institutions, fund managers, etc)

• Risk reward

• Allocation strategies

• Sector, market and other methods of classification

• Regulations and constraints

CPM Mocule Two

Portfolio Types And Construction

Day Two extends the concepts covered during the first day to look at the most widely applied techniques used in business in making financial and investment decisions.

Day Three examines the creation of value from the perspective both of the firm and the capital markets. Methods of pricing firm securities are illustrated along with approaches to estimating and pricing risk and the trade-off between levels of risk and return.

Part 1 – Valuation Methods

• The value of a corporation, characteristics of debt and equity

• Valuing debt, valuing equity, models of dividend growth

• Understanding and applying PE ratios

Part 2 – Risk/Return

• The nature of risk

• Measuring total risk

• More accurate pricing – variance calculations using a probability

distribution of returns

Part 3 – Diversification And Optimization

• Diversification theory and the calculation of portfolio risk

• Optimization of returns within a two stock / multi-stock portfolio

Case Study – Risk/Reward: Reviewing a series of portfolios and determining recommendations to your clients

CPM Module Four

Portfolio Theory And Asset Allocation

Module covers portfolio management and the issues related to the construction of an efficient portfolio for an individual client. It also looks at how portfolios should be funded and at the effects of different types of funding on value creation.

Part 1 – MPT (Modern Portfolio Theory)

• Market risk vs unsystematic risk

• Beta and the Capital Asset Pricing Model (CAPM)

• Choosing an optimum portfolio

• Calculating the cost of equity/debt capital

• The Weighted Average Cost of Capital (WACC)

Part 2 – Portfolio Rebalancing And Asset Mix Techniques

• Managing ongoing customer expectations

• Correlation methods and expected returns

• Strategic and tactical asset allocation

• Portfolio performance appraisal

CPM Module Five

Capital Structure Policy And Dividend Policy

Module Five concludes the program by discussing the key policy issues that follow from an understanding of the workings of the debt and equity markets, and portfolio diversification.

Under an agreement with the Law School , graduates of qualified accredited programs may apply directly for certification. See LLM Program http://llmprogram.org/aafm.html

Under an agreement with the Business School Accreditation Agency, graduates of qualified accredited business degree courses, exams and programs may apply directly for certification review. See ACBSP Press Release

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The AAFM was chosen by Dubai Financial Market (DFM) to conduct the seven week professional training component of the Kafa’at programme for graduates entering the brokerage and trading industry in recent years. AAFM also has formed alliances with the Accreditation Council for Business School Programs, President of India's Official Advisors, Arab League’s Arab Academy, Egyptian Investment Management Association, Dubai International Finance Exchange, Bahrain Institute of Banking and Finance, Capital Markets Authority Approved Training Programs of the Kingdom of Saudi Arabia, the United Nations Civil Society, Dubai Institute of Human Resource Development, the Ministry of Human Resources China Government, the Republic of China, Brazil Governmental Agencys, & approved training of the Monetary Authority of Singapore, Dubai Quality Group and many more. AAFM partners with SCA